R.I. retirement system net position hits $9.6B in FY2019

PROVIDENCE – The Employees Retirement System of the State of Rhode Island increased its net position by $344 million to $9.6 billion in fiscal 2019, according to the R.I. Auditor General Dennis E. Hoyle Monday. The time-weighted rate of return for the plan was 6.5%, compared with 8% one year prior. Net investment income was…

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